Shazam new debit network fees November 2010

The Shazam Debit Network has announced fee changes effective November 1, 2010.  These are network costs, not inclusive of additional fees your processor may incur and pass on, or profit added. Notice that the basic pin debit transaction is now .75% plus $.15 per transaction.

 

Network

 

Card Type

 

Fee Class

 

Type

 

Notes

 

2010 Interchange Rate

 

2010 Standard Switch Fee

 

Shazam

 

00017

 

604

 

 

Retail

 

 

Use with all MCCs EXCEPT: 5411, 5300, 5814, 4111, 7523, 5994, 7211, 7338, 7542, 7832, 7841, 5499, 5814, 5541, and 5542

 

 

75 bp of tran amt (exclusive of cash back) + $0.15, NO CAP

 

 

$0.04

 

 

005

 

 

Supermarket

 

 

Use with MCCs: 5411, 5300

 

 

90 bp of tran amt (exclusive of cash back) + $0.16, capped @ $0.35

 

 

$0.04

 

 

609

 

 

QSR

 

 

Use with MCC: 5814

 

 

125 bp of tran amt (exclusive of cash back) + $0.05, NO CAP

 

 

$0.04

 

 

610

 

 

Small Ticket

 

 

Use with MCCs: 4111, 7523, 5994, 7211, 7338, 7542, 7832, 7841, 5499, 5814

 

 

125 bp of tran amt (exclusive of cash back) + $0.05, NO CAP

 

 

$0.04

 

 

608

 

 

Petroleum

 

 

Use with MCCs: 5541, 5542

 

 

75 bp of tran amt (exclusive of cash back) + $0.13, NO CAP

 

 

$0.04